Oil | Egypt Oil & Gas - Part 66
UK Gets Involved in Spat Between Guyana, Venezuela Over Oil
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on ...
Asian Oil Refiners Look to Adapt to Market Changes Amid Crude Glut
The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on sellers. With OPEC pumpin...
Low Oil Prices Having Negative Impact on Canada
Canada’s oil industry has had a rough couple of months, with production and exports taking a hit. Low oil prices are cutting into the profits of major producers. Production from Alberta’s oil sands is costly and requi...
Libya’s Official Government Can’t Sell Oil Directly
Libya’s official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources ...
Ukraine Seeks Deal on Gas Price with Russia in Next 2 Weeks
Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5. “The negotiations are underway and, I think, that in the course of the next two weeks an ...
New ‘Megareserve’ Off Brazilian Coast All Gov’t Owned
The National Petroluem Agency (ANP) of Brazil found another “megareserve” in the Atlantic, this one off the coast of Sao Paulo. It is believed to big as large as the so-called Lula oil field, which holds between five...
Shell Looks to Leave Ukraine Amid Continued Violence
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of little profit f...
Angola President Seeks More Non-Oil Deals with China
On a six-day trip to China that ends tomorrow, Angola’s President Jose Eduardo Dos Santos has pushed to broaden his nation’s relationship with China beyond a dependence on oil. Earlier this week, Dos Santos and Presid...
